{"data":{"id":"us-md/md.-code-local-government-22-108","jurisdiction":"us-md","citation":"Md. Code, Local Government § 22–108","heading":"","body":"(a) The principal of and interest on bonds, the transfer of bonds, and any\nincome derived from the bonds, including profits made in their sale or transfer, are\nforever exempt from State and local taxes.\n(b) A contract for a resilience infrastructure project may provide that\npayment shall be made in bonds.\n(c) A bond is not subject to the limitations of §§ 19–205 and 19–206 of this\narticle.","path":["Article - Local Government"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=glg\u0026section=22-108","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:58Z","sha256":"cbb9f68ee281b8537f963225fa16bc440329234c4312ec7d01683045fda14164","source_id":"us-md","stale":false,"prev":"us-md/md.-code-local-government-22-107","next":"us-md/md.-code-local-government-22-109"},"notice":"GroundRules: Original legal text. Not legal advice."}